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Tesla Aims to Release Cheaper Cars by 2025 After Sales Miss [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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Most Read from Bloomberg Taylor Swift Is Proof That How We Critique Music Is Broken Tech Giants Roar as Tesla Spikes in Late Hours: Markets Wrap Tesla Stock in ‘No Man's Land' After 43% Rout Ahead of Earnings Biden's New Chopper Is Demoted After Scorching White House Lawn Ray Dalio's Famous Trade Is Sputtering, Investors Bailing The electric-vehicle maker plans to release the cheaper cars by the end of this year or in early next, well ahead of the late-2025 timing it had previously pledged. The Elon Musk-led company has been coping with a sales slump as EV demand falters. “We've updated our future vehicle line-up to accelerate the launch of new models ahead of the previously mentioned start of production in the second half of 2025. So we expect it to be more like early 2025, if not late this year,” Musk said on a call with analysts. The decision to speed up the debut of cheaper models was welcomed by investors and overshadowed what was otherwise an ugly quarter for th
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